– Survey: Teams may cut into brokers' profits Imprev Inc.: 76% of brokers say teams improve their total sales volume; however, 64% say they cut into profits as a result of lower per-agent income. FEMA: Flood insurance premiums going up again A number of Fla. homeowners have received letters...
– Grant program launched to help clean up algal blooms Fla. DEP launched a $3 million program to help local governments clean up waterways affected by harmful algal blooms caused by discharges from Lake Okeechobee. FHFA nixes more-inclusive credit-scoring models A move that could have helped some buyers qualify,...
– Transaction trouble: Flood insusrance still expires July 31 If a lender requires flood insurance, buyers should secure it before July 31 to avoid a potential program shutdown before Congress OK’s a short-term extension. Fla.'s housing market: Median prices continue to rise The median price for existing single-family home...
– 95% likelihood home prices will rise over next two years Arch MI Report: The U.S. home-sale inventory hasn’t been this low since Arch started tracking in the early 80s; lower-level homes should see the highest gains. TaxWatch: Fla. still a low-tax state – No. 42 out of 50...
– Housing starts tumbled 12.3% in June The drop may be an isolated event, but builders cite problems with new lumber tariffs, and a challenge finding both construction workers and land to build on. NAR backs 21st Century Internet Act bill The bill backs net neutrality, which is a...
– Congress floats flood insurance ideas – but passage iffy Lawmakers are considering amendments and bills that seem to favor a six-month extension. To get something passed, Realtors must respond to NAR’s Call for Action. Florida Realtors presents: Women in Real Estate Conference 41% of Fla.’s principal brokers are...
– Fla. GDP hits $1 trillion mark If Fla. was an independent country, it would be the world’s 17th largest. The state’s economy has grown larger than Saudi Arabia’s, Switzerland’s and Argentina’s Fla. senators' bill would extend Canadian visitor stays U.S. Sens. Bill Nelson and Marco Rubio introduced legislation...
– The supply of for-sale homes may finally be loosening up 30% of the largest 100 metros had an inventory increase in 2Q (13% in 1Q) thanks to construction and more owners starting to think that prices might be peaking. Florida Realtors 2018 Convention and Trade Expo: Are you...
– RE groups ban together to push Congress on flood insurance 22 real estate groups and associations – NAR, NAHB, insurers, bankers and others – sent a joint letter to lawmakers pushing them to pass a flood insurance bill. Bargain hunters are eyeing Puerto Rico More mainland U.S. buyers...
– Scott declares emergency over algae outbreaks Gov. Scott issued an emergency order over the reemergence of toxic algae outbreaks on both coasts as the regions’ water quality blossoms into a political issue. Study: Most average Fla. rents rise 3%-8% year-to-year A RentCafe study that looked at average rents...
